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Global indices fall after US presidential debate

US indices gained in Asian time during the Biden-Trump presidential debate but then retreated after President Trump cast doubt on whether he would accept…

US indices suffer sharp decline

US indices fell sharply yesterday registering their biggest fall since June as the number of Americans filing for unemployment fell more than expected but…

FOMC minutes leave many questions unanswered

The US dollar recovered some of its recent losses after minutes from last month’s US Federal Reserve meeting gave no clear clues about whether an ev…

UK returns to recession after 11 years

Britain’s economy shrank by a record 20.4% between April and June when the coronavirus lockdown was tightest, the largest contraction re…

Euro reaches 18 months high

The dollar nursed losses against most currencies undermined by concern that Republicans and Democrats – unlike their European counterpar…

EU leaders brace for a long weekend of talks

EU leaders will today meet in person for the first time since February to try and settle their differences over a radical 750 billion-euro fun…

USD finds traction despite rising coronavirus cases

Germany’s industrial production rebounded in May, rising by 7.8% on the month after falling 17.5% in April, in the latest sign that Euro…

USD falls following protests in the US while trade- sensitive AUD rises

U.S. President Donald Trump made no move to impose new tariffs on China during a news conference on Friday where he outlined his response to B…

Clashes expected within the EU regarding the new stimulus plan

European shares inched higher as investors focused on a fresh stimulus plan for the European Union. The aim is to help countries and sectors w…

Euro continues its rally following aid package

The euro held firm basking in the afterglow of a Franco-German proposal for a common fund that could move Europe closer to fiscal union while…

Analysis: Hourly EURUSD 20.05.2020

Technical Chart pick of the day: EURUSD – Bullish The Euro remains upbeat following relaxation of lockdown measures across t…

Yen rallies as tensions rise between China and the US

The Japanese yen scaled a three-year high against the euro and a seven-week peak on the dollar after a court decision challenged Germany’…

Eurozone GDP shrinks by 3.8% while jobless claims in the US soar further.

The eurozone economy contracted at a record rate in the first three months of the year and inflation slowed sharply as much economic activity…

Bank of England to finance government

The Bank of England has agreed temporarily to finance government borrowing in response to COVID-19 if funds cannot immediately be raised from…

EU leaders fail to agree on more support for the economies

European Union finance ministers failed to agree on more support for their coronavirus-hit economies. A feud between Italy and the Netherlands…

US stimulus package revives markets

U.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impac…

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